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More Than One-Third of Data Breaches Due to Third-Party Compromises

The HIPAA Journal

Cl0p is by far the most prolific threat actor in this category due to the mass exploitation of vulnerabilities in third-party file transfer solutions. In 2023, 75% of third-party breaches involved technology products; however, in 2024, threat actors diversified, with only 46.75% of breaches involving technology products.

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HIPAA Violation Cases

The HIPAA Journal

HIPAA violation cases are compliance investigations that result from a data breach being notified to the Department of Health and Human Services’ (HHS) Office for Civil Rights (OCR) or a privacy complaint being submitted to OCR via the complaints portal. There are many different types of HIPAA violation cases.

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March 2024 Healthcare Data Breach Report

The HIPAA Journal

March was a particularly bad month for healthcare data breaches with 93 branches of 500 or more records reported to the Department of Health and Human Services (HHS) Office for Civil Rights (OCR), a 50% increase from February and a 41% year-over-year increase from March 2023.

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Verizon 2024 DBIR: 70% of Healthcare Data Breaches Caused by Insiders

The HIPAA Journal

Source Verizon 2024 DBIR Ransomware groups were behind many of the attacks targeting unpatched vulnerabilities, with the Clop ransomware group’s mass exploitation of a zero day vulnerability in Progress Software’s MoveIT Transfer solution a significant factor in the large increase in exploit-related breaches.

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Ransomware Attack Severity Increased 68% in H1, 2024

The HIPAA Journal

Ransomware attacks were amongst the most expensive cyberattacks, with average losses of $353,000 per incident, up from average losses of $239,000 in H2, 2023 but down from an average loss of $402,000 in H1, 2023. Other incidents accounted for 23% of claims, down 10% from H2, 2023.

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Imagine360 Settles Data Breach Lawsuit for $475,000

The HIPAA Journal

A settlement has received preliminary approval from a judge to resolve a class action complaint against Imagine360 over a 2023 hacking incident involving its Citrix file-sharing solution.Imagine360 is a Chesterbrook, Pennsylvania-based company that offers health plan administration and telemedicine services.

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Cyber Insurance Provider Reports Fall in Claims Frequency in 2024

The HIPAA Journal

The most common reasons for submitting claims against policies were financial transfer fraud and business email compromise (BEC) attacks, which accounted for 29.8% Fund transfer fraud was also costly, with an average loss of $185,000, although thats a 46% reduction from the $340,000 average loss in 2023. of claims, respectively.